By Kiku Steinfeld
Chicago, April 22 – GS Finance Corp. priced $2.19 million of autocallable contingent coupon notes due April 8, 2026 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon of 11% per annum if the ETF closes at or above its 60% coupon trigger level on the determination date for that period.
The notes will be called at par plus the contingent coupon if the ETF closes at or above its initial share price on any monthly call observation date after one year.
The payout at maturity will be par unless the ETF finishes below 60% of its initial share price, in which case investors will be exposed to the ETF’s decline from its initial share price.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying ETF: | ARK Innovation ETF
|
| Amount: | $2,189,000
|
| Maturity: | April 8, 2026
|
| Contingent coupon: | 11% annualized, payable monthly if the ETF closes at or above the coupon trigger level on the determination date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless ETF finishes below 60% of initial share price, in which case exposure to losses from initial share price
|
| Call: | Automatically at par plus contingent coupon if ETF closes at or above initial share price on any monthly call observation date after one year
|
| Initial share prices: | $120.85
|
| Coupon trigger: | 60% of initial share price
|
| Barrier price: | 60% of initial share price
|
| Pricing date: | April 1
|
| Settlement date: | April 6
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.26%
|
| Cusip: | 40057FU77
|
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